PHX Minerals Inc. Reports 2024 Financial Results

Phx Minerals Inc ( (PHX) ) has released its Q4 earnings. Here is a breakdown of the information Phx Minerals Inc presented to its investors.

PHX Minerals Inc., headquartered in Fort Worth, Texas, is a natural gas and oil mineral company focused on expanding its mineral holdings in key areas across Oklahoma, Texas, Louisiana, North Dakota, and Arkansas. The company recently released its financial results for the quarter and year ended December 31, 2024, highlighting its operational and financial performance.

In the latest earnings report, PHX Minerals Inc. reported a net income of $0.1 million for the fourth quarter and $2.3 million for the full year 2024, a significant decrease from the previous year’s figures. The adjusted EBITDA for the year was $21.3 million, slightly down from $22.7 million in 2023. The company also noted an increase in total production volumes by 5% year-over-year, driven by new wells in the Haynesville Shale and SCOOP plays.

Key financial metrics revealed that PHX Minerals experienced a decline in total revenue to $34.6 million for 2024, down from $44.5 million in 2023, largely due to lower natural gas, oil, and NGL prices. The company also managed to reduce its total debt by $3.25 million, ending the year with a debt-to-adjusted EBITDA ratio of 1.38x. Additionally, PHX announced a quarterly dividend of $0.04 per share and completed the divestiture of non-core mineral acres for $8.0 million.

Looking ahead, PHX Minerals Inc. remains focused on maximizing stockholder value through strategic evaluations and maintaining strong cash flow. The company continues to explore potential strategic alternatives while navigating the challenges of fluctuating commodity prices and market conditions.